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Stock Market & Financial Investment News

News Breaks
April 11, 2014
10:19 EDTQCOM, ERICQualcomm, Ericsson recommended by RBC Capital
Shares of Qualcomm (QCOM) and Ericsson (ERIC) are outperforming the broader market after RBC Capital said the stocks were good investments for the near-term. Qualcomm sells chips used in smartphones, while Ericsson is a provider of communications equipment. WHAT'S NEW: Qualcomm's royalty business remains healthy and defensible, RBC Capital analyst Mark Sue wrote in a note to investors earlier today. Additionally, Qualcomm should benefit from the expansion of LTE networks and it returns 75% of its free cash flow to shareholders, Sue stated. The analyst was also upbeat on Ericsson, as he expects the company's revenue to steadily grow by about 2%-5%. Like Qualcomm, Ericsson should benefit from the expansion of LTE networks, as the company has a 40% share of the global LTE market, Sue stated. The company can benefit from upgrades in Europe and new contracts in Japan and the analyst also thinks Ericsson could raise its dividend. Sue kept Outperform ratings on both Qualcomm and Ericsson. WHAT'S NOTABLE: On March 30, Barron's identified Ericsson as one of several companies that could benefit from increases in the value of their products and possibly become takeover targets for Google (GOOG) or other companies. Other technology vendors that are in this category include Alcatel Lucent (ALU), Nokia (NOK), and Ciena (CIEN). PRICE ACTION: In early trading, Qualcomm climbed 13c to $78.20 and Ericsson shares were down 4c to $13.17, while the Nasdaq index was down nearly 1%.
News For QCOM;ERIC From The Last 14 Days
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October 24, 2014
16:18 EDTERICEricsson trades down 2.9% following Q3 earnings report
Before the open this morning, Ericsson reported Q3 non-IFRS EPS SEK 1.11 vs. SEK 1.31 last year. The company reported Q3 revenue SEK 57.6B vs. SEK 53.0B last year. Shares ended the day down 2.9% to $11.47.
06:14 EDTQCOMTSMC to provide chips for LG's 'Nuclun' smartphone microprocessor, WSJ says
According to a source, Taiwan Semiconductor (TSM) will provide chips for microprocessors to power "Nuclun," a variation of LG's G3 smartphone, the Wall Street Journal reports. So far, LG Electronics has mostly relied on Qualcomm (QCOM) for the chips that run its smartphones. Reference Link
October 23, 2014
06:05 EDTERICApple defeats GPNE civil patent suit, Re/code reports
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October 21, 2014
14:04 EDTQCOMEarnings Preview: Analysts divided on Broadcom ahead of Q3 report
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October 15, 2014
05:58 EDTQCOMCSR calls Qualcomm takeover offer 'very attractive outcome'
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05:35 EDTQCOMQualcomm to acquire CSR for GBP 9.00 per share
Qualcomm (QCOM) announced that it has reached agreement with CSR plc (CSRE) regarding the terms of a recommended cash acquisition through which the entire issued and to be issued ordinary share capital of CSR will be acquired by Qualcomm Global Trading Pte. Ltd, an indirect wholly owned subsidiary of Qualcomm Incorporated. The acquisition complements Qualcomm's current offerings by adding products, channels, and customers in the important growth categories of Internet of Everything, or IoE, and automotive infotainment, accelerating Qualcomm's presence and path to leadership. This opportunity is aligned with Qualcomm's established strategic priorities in these rapidly growing business areas. At GBP 9.00 per share, the acquisition of the entire issued and to be issued ordinary share capital of CSR is valued at approximately $2.5B. This cash offer has been unanimously recommended by the CSR board. The acquisition is subject to a number of conditions as set forth in the announcement released today in accordance with Rule 2.7 of the UK Takeover Code, including the receipt of U.S. and other regulatory approvals and the approval of CSR's shareholders. Subject to the satisfaction of the conditions, the transaction is expected to close by the end of the summer of 2015. Qualcomm expects the acquisition to be accretive to Non-GAAP EPS in FY16, the first full year of combined operations.
October 14, 2014
07:24 EDTQCOMIntel gains government ally in China with new deals, Reuters says
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06:37 EDTQCOMUMC lands 28nm LTE chip orders from Qualcomm, DigiTimes reports
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October 13, 2014
05:15 EDTERICFacebook, Ericsson, XL Axiata innovate to improve Indonesia network performance
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October 12, 2014
17:20 EDTQCOMGE, Splunk, Cisco, others could benefit from Internet of Things, Barron's says
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